US BANKRUPTCY LIST & FILINGS

Due to the economy, hundreds of large, name brand businesses will join the bankruptcy list this year.

Some of these companies will either file for bankruptcy protection or simply go under, according to the estimates.

A few years ago Americans had a lot of money to spend. All kinds of business were booming. Now, in the current state of the economy, consumers are struggling and for many companies it's survival of the fittest time.

Going bankrupt can help them emerge as stronger companies?

Most of them are seeking Chapter 11 bankruptcy protection what doesn't mean the company is going out of business. It gives the company benefits such as paring debt and writing off unused facilities.

For investors willing to gamble, a company with shares trading for less than a pack of gum could offer a big return if it is able to rebound.

Studies in the last period of multiple recessions (1980 through 1993) found that returns were strong for companies that emerged from bankruptcy.

However, investors who bought companies before and during bankruptcy proceedings often lost out. The few ones who chose the right companies to invest in during the restructuring process achieved strong average returns.

Betting on restructured companies is the same as playing the lottery: It's almost impossible to predict which ones will survive.

The following is a partial list of companies that have filed for Bankruptcy protection.

Some of the companies on the bankruptcy list below could still maintain afloat and survive, get restructured and come back swinging. Many though, will sink fast or have already gone under.

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